When is IPO Allotment Announced?
After an IPO's subscription window closes, SEBI mandates the following timeline for the allotment and listing process:
- T = Last day of subscription
- T+1: Basis of allotment finalized
- T+2: Refunds initiated; shares credited to demat accounts
- T+3: Listing on stock exchanges (BSE/NSE)
So if an IPO closes on Monday, allotment is typically announced by Wednesday, and the stock lists on Thursday. The allotment status becomes checkable on the BSE/NSE websites or the registrar's portal on T+1/T+2.
Method 1: Check on BSE Website
- Go to bseindia.com
- Click on "Investors" in the top menu, then "IPO" or search "IPO allotment" in the search bar
- Select the IPO from the dropdown list
- Enter your Application Number and PAN number
- Click "Search" — your allotment status is displayed
The BSE portal also shows the basis of allotment — the document that explains how many applicants applied and what percentage received allotment in each category.
Method 2: Check on NSE Website
- Go to nseindia.com
- Navigate to "Market" → "IPO" → "IPO Status"
- Select the IPO name
- Enter your PAN and application number
- Check status
Method 3: Check on Registrar's Website (Most Direct)
Each IPO has an assigned registrar — the entity that manages allotment, refunds, and share transfers. The most common registrars in India are:
- KFin Technologies (formerly Karvy): kfintech.com/ipostatus
- Link Intime India: linkintime.co.in (go to IPO → Public Issue)
- Bigshare Services: bigshareonline.com
- Cameo Corporate Services: cameoindia.com
- Maashitla Securities: maashitla.com
To check on the registrar site: select the IPO name, enter your PAN/application number/DP ID+Client ID, and submit.
Method 4: Check Through Your Broker App
Most leading broker apps (Zerodha Kite, Groww, Angel One, Upstox) show IPO allotment status directly in the app:
- In Zerodha Kite: Go to Console → Portfolio → IPO
- In Groww: Go to Stocks → IPO → Applied IPOs
- In Angel One: Go to My Orders → IPO
Broker apps often update allotment status earlier than you expect, as they receive data feeds from registrars.
Method 5: Check Through GMP IPO Watch
On GMP IPO Watch (gmpipowatch.in), navigate to any closed/listed IPO's page. The allotment check section provides a direct link to the registrar's allotment portal for that specific IPO — no need to search for the registrar name separately.
What the Allotment Status Means
- "Allotment Confirmed" or "Shares Allotted": You received shares — they will be credited to your demat account by T+2. Funds are debited from your blocked ASBA account.
- "Not Allotted" or "Application Rejected": You did not receive shares. Your blocked funds (ASBA) will be unblocked, typically within 1–2 business days.
- "Application Invalid": Your application had an error (PAN mismatch, duplicate application, wrong lot size, etc.). Your funds will be unblocked and unblocked amounts returned.
Common Application Errors That Lead to Rejection
- PAN in application does not match demat account PAN
- Multiple applications from the same PAN in the same category
- Applying for more than the maximum lot size allowed (7 lots for retail = ₹2 lakh limit)
- UPI mandate not approved within the required time window (4 hours for UPI-based applications)
- Insufficient funds in the linked bank account to cover the blocked amount
Key Takeaways
- Allotment is announced approximately T+1 from subscription close; listing is T+3
- Check status on BSE, NSE, registrar website, or your broker app
- GMP IPO Watch provides direct links to registrar allotment portals for each IPO
- Application rejections return your full blocked funds within 1–2 days
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